Table of Content

1. Managerial Accounting, the Business Organization, and Professional Ethics
2. Introduction to Cost Behavior and Cost-Volume Relationships
3. Measurement of Cost Behavior
4. Cost Management Systems and an Introduction to Activity-Based Costing
5. Relevant Information and Decision Making With a Focus on Pricing Decisions
6. Relevant Information and Decision Making: Operational Decisions
7. Introduction to Budgets and Preparing the Master Budget
8. Flexible Budgets and Variance Analysis
9. Management Control Systems and Responsibility Accounting
10. Management Control in Decentralized Organizations
11. Capital Budgeting
12. Cost Allocation
13. Accounting for overhead costs
14. Job-Costing and Process-Costing Systems
15. Basic Accounting: Concepts, Techniques, and Conventions
16. Understanding Corporate Annual Reports: Basic Financial Statements
17. Understanding and Analyzing Consolidated Financial Statements

Salient Features

• New and revised business first boxes provide insights into operations at well-known domestic and international companies, including technology and e-commerce companies such as Reichhold Inc., DaimlerChrysler, IBM, Battelle, and EncripTix.
• New and revised chapter opening vignettes help students understand accounting’s role in current business practice. We revisit the chapter opening company later in chapter discussions so students can see how accounting decisions effect real company practices.
• New making managerial decisions boxes in all chapters allow students to take what they’ve learned, apply this material to a real business situation, and then plot a course of action.
• New ethics problems or cases in each chapter